Welcome to our dedicated page for Mercer Intl news (Ticker: MERC), a resource for investors and traders seeking the latest updates and insights on Mercer Intl stock.
Mercer International Inc. operates as a global forest products company with pulp and solid wood operations in Germany, the United States and Canada. Company updates commonly address pulp sales realizations, fiber costs, inventory and asset impairments, liquidity initiatives, credit-facility covenant matters, and operating results across pulp, lumber and mass timber products.
Recurring developments also cover cross-laminated timber and glulam demand, pallet and biofuels production, the Peace River pulp mill, cost-efficiency programs, dividend and balance-sheet actions, and carbon capture work tied to biogenic emissions from pulp operations.
Mercer International announced David M. Gandossi, President and CEO, will present at the TD Securities Virtual Paper & Forest Products Conference on September 29, 2021, at 10:00 AM EDT. A copy of the presentation will be available on the company's website on the morning of the event. Additionally, a webcast will be accessible days prior, with a recording available for 90 days post-event. Mercer is a global leader in sustainable forest products, producing approximately 2.2 million tonnes of kraft pulp and 550 million board feet of softwood lumber annually.
Mercer International Inc. (NASDAQ: MERC) has received approval from the Bankruptcy Court for its wholly-owned subsidiary to acquire a state-of-the-art CLT manufacturing facility in Spokane, Washington, for $50 million. This facility, covering 54 acres with 270,000 square feet, will boost the company's annual production capacity to approximately 13 million sq. ft. of 5-ply panels, representing around 30% of North America's mass timber manufacturing capacity. CEO David Gandossi emphasized the acquisition aligns with their strategy to provide sustainable building solutions.
Mercer International reported strong second quarter 2021 results, with Operating EBITDA at $83.8 million and net income of $21.4 million ($0.32 per share), up from a net loss of $8.4 million a year earlier. Revenue rose 18% to $401.8 million driven by higher pulp and lumber sales. Enhanced capacity at Stendal Mill adds 80,000 ADMTs per year. A quarterly dividend of $0.065 per share is set for October 6, 2021. Despite strong results, logistics issues from wildfires pose risks, yet strong market fundamentals are expected to support prices going forward.
Mercer International announces that David M. Gandossi, President and CEO, will present at the Jefferies 2021 Industrials Conference on August 4, 2021, at 9:00 AM EDT. The presentation will be available on Mercer’s website in the “Investors - Current Documents” section on the morning of the event. A live webcast can also be accessed, with a 30-day replay following the session. Mercer operates globally in the forest products sector, producing approximately 2.2 million tonnes of pulp and 550 million fbm of softwood lumber.
Mercer International (NASDAQ: MERC) is set to release its Q2 2021 results on July 29, 2021, after market closure. The results will be discussed in a conference call on July 30, 2021, at 10:00 AM ET, hosted by CEO David M. Gandossi and CFO David K. Ure. Stakeholders can access the call via dial-in numbers or livestream through the provided link. Mercer International operates globally in forest products and bioproducts, with an annual production capacity of 2.2 million tonnes of kraft pulp and 550 million board feet of softwood lumber.
Mercer International reported a strong first quarter for 2021, showcasing significant growth with an Operating EBITDA of $82.0 million and a net income of $5.9 million ($0.09 per share). This represents an increase from both the previous quarter and the same period last year. Revenue surged to $412.7 million, an 18% rise year-over-year, driven by higher lumber and pulp sales. The company will pay a quarterly dividend of $0.065 per share on July 7, 2021, with strong market demand anticipated for both pulp and lumber.
Mercer International (NASDAQ: MERC) will announce its first quarter results on April 29, 2021, after market close. David M. Gandossi, the President and CEO, along with David K. Ure, CFO, will conduct a conference call on April 30, 2021, at 10:00 am ET to discuss the financial results. Interested participants can join by calling the designated numbers or through a live internet stream. Mercer International specializes in bioproducts, producing approximately 2.2 million tonnes of kraft pulp and 550 million board feet of softwood lumber annually.
Mercer International (Nasdaq: MERC) announced that its President and CEO, David M. Gandossi, will present at the Raymond James 2021 Institutional Investors Conference on March 3rd, 2021. The presentation is scheduled for 3:00 PM EST, and a recording will be available online afterward in the company’s Investors - Current Documents section.
Mercer is a global leader in bioproducts and forest products, producing approximately 2.2 million tonnes of kraft pulp and 550 million board feet of softwood lumber annually, operating in Germany, Canada, and Australia.
Mercer International Inc. (Nasdaq: MERC) has appointed Alice Laberge and Janine North to its board of directors as of February 17, 2021. Laberge, a former board member at the Royal Bank of Canada and current director of Nutrien Ltd., brings over 15 years of experience in governance. North, formerly the founding CEO of the Northern Development Initiative Trust, also holds directorships in Conifex Timber Inc. and Imperial Metals Corporation. The board aims to enhance its governance with their extensive forestry industry knowledge.
Mercer International reported strong quarterly results with Operating EBITDA of $49.5 million for Q4 2020, an increase from a loss of $34.2 million in the previous year. However, the company posted a net loss of $13 million for the quarter, compared to a net loss of $72.7 million in Q4 2019. For the full year, Operating EBITDA decreased by 8% to $192.7 million with a net loss of $17.2 million ($0.26 per share). A quarterly dividend of $0.065 per share is set for April 7, 2021. The company anticipates stable pulp demand and robust lumber pricing in 2021.